Restaurant Support: Revitalization Fund and Survival Grants
This act establishes a $120 billion fund to help restaurants and similar businesses navigate economic challenges. These businesses can receive grants to cover expenses like payroll, rent, and utilities, aiming to preserve jobs and operations. Funds will be available for 8 months after the act's enactment.
Key points
Creation of a $120 billion Restaurant Revitalization Fund to support the food service industry.
Grants available for restaurants, bars, food trucks, and similar businesses with 20 or fewer locations.
Funds can be used for payroll, rent, utilities, maintenance, supplies, debt obligations, and other operational expenses.
Priority for grants given to women, veteran, and minority-owned businesses with 2019 revenues under $1.5 million.
Grant amounts are excluded from gross income, and related deductions are not denied or reduced.
Unused funds or funds from businesses that cease operations must be returned or converted to a loan.
Expired
Additional Information
Print number: 117_HR_793
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2021-02-04